The Fair Tax

Neal Boortz and Congressman John Linder present their Solutions Day workshop on the Fair Tax.

www.AmericanSolutions.com

Category:

News & Politics

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• neal
• boortz
• john
• linder
• fair
• tax
• american
• solutions
• day
• workshop

[Diskatopia]

There really is no debate, as Americans For Fair Taxation's OWN RESEARCH shows this fact: the "Fair" Tax aka National Sales Tax-Inclusive aka NASTI would on average raise the effective taxes (i.e. raise the amount of taxes they pay) of those making from around $15,000 to $150,000 ,and would on average lower the taxes paid by those who make more than $150,000 a year. It is a very bad idea, and would destroy the US economy if enacted. Thankfully it never will even be considered for a vote.

[Diskatopia]

@forexrobots212 Everyone pays taxes,some just don't pay any fed. taxes because they make very little. They do get hit by state taxes, county taxes, fed. and state utility taxes, federal and state gas taxes, sales taxes, property taxes, and many more. So there are no non-taxpayers-- anyone who buys gas or food or housing or etc. pays taxes.

The wealthy pay too little now, and they would pay even less under the FT/NASTI, while those barely getting by would pay more. THAT is a recipe for disaster.

[FairTaxisaLie]

@dtvgmedia You are making the usual mistake fans of the "Fair" Tax aka National Sales Tax -Inclusive aka NASTI make-- if people keep ALL of their paycheck (keeping the amounts currently deducted for SS and IncTax), the bussiness STILL has that as an expense. And you are forgetting that the 23% sales tax ADDS ON to each purchase by every business in the chain. Even "Fair" Tax org's research admits that prices would rise and those making from about $15k to $150k would pay MORE in taxes than now.

[dtvgmedia]

@FairTaxisaLie

While employees keep 100% of their wages, but removing business taxes from the last step in the production chain saves the end consumer ~ 15%.

Removing Business taxes from the last:

2 saves consumer ~ 20%.

3 saves consumer ~ 21.66%.

4 saves consumer ~ 22.22%.

5 saves consumer ~ 22.46%.

From all businesses saves consumers about 22.5%, and we have not yet included the savings from reduced tax code complexity.

What are you trying to do if you must deceive people?

[dtvgmedia]

@Diskatopia

While employees keep 100% of their wages, but removing business taxes from the last step in the production chain saves the end consumer ~ 15%.

Removing it from the last 2 saves consumer ~ 20%.

Removing it from the last 3 saves consumer ~ 21.66%.

Removing it from the last 4 saves consumer ~ 22.22%.

Removing it from the last 5 saves consumer ~ 22.46%.

Removing the taxes in all businesses saves consumers about 22.5%, & we haven't discussed savings from reduced tax code complexity.

[1969was1969]

To see another TABLE from American's for Fair Taxation's research which gives away what the Fair Tax really is (a plan to make the middleclasses work more to have the same standard of living as now, while the wealthy get much wealthier under it), see TABLE 5 page 26 at tinyurl 593htl. Notice which income groups labor supply increases the most ($0-$149k) and which grps real wages increase the most (more than $150k, up 48%). Notice how the $50k group works 10.3% more for a wage increase of 1.5%.

[bootiack]

why does not 1 state try fair tax?

[garygee34]

not true @forexrobots212, bexcause of the monthly pre-bate in the Fair Tax, and the Fair Tax de-taxing all used sec ond-hand items, it would benefit the poor, and because the rich also buy luxury items (the prebate only de-taxes items up to the poverty level, so currently, I would get somewhere near 180-190/month in pre-bate under the Fair Tax, as an individual) it would actually soak the rich. A bunch of different individuals created this thing called the Fair Tax.